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4. ( 2 pts.) a) Assume someone deposits $100 cash in their checking account at Bank 1 . Graph the immediate impact of this on

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4. ( 2 pts.) a) Assume someone deposits $100 cash in their checking account at Bank 1 . Graph the immediate impact of this on this bank's balance sheet (only include changes in assets and liabilities). b) Now assume this bank keeps $10 and loans out the rest. Graph its balance sheet now. c) Assume the person who takes out that loan keeps $10 in cash and spends the rest on new shoes. Assume the shoe-seller deposits that money in their checking account at Bank 2. Graph the immediate impact of this on Bank 2's balance sheet (again, only the changes). d) What has happened to total deposits in the US banking system by now? To the US money supply? 4. ( 2 pts.) a) Assume someone deposits $100 cash in their checking account at Bank 1 . Graph the immediate impact of this on this bank's balance sheet (only include changes in assets and liabilities). b) Now assume this bank keeps $10 and loans out the rest. Graph its balance sheet now. c) Assume the person who takes out that loan keeps $10 in cash and spends the rest on new shoes. Assume the shoe-seller deposits that money in their checking account at Bank 2. Graph the immediate impact of this on Bank 2's balance sheet (again, only the changes). d) What has happened to total deposits in the US banking system by now? To the US money supply

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